This property looks like a bad Long-Term investment with a projected -1.66% first-year return on $38,409 initial cash invested.
-1.66%
Cash On Cash
6.67%
Cap Rate
1.02
DSCR
$1,532
Rent
-$53
Cashflow
Cash Flow
$1,532 income − $1,585 expenses = $53 out of pocket
Investment Breakdown
|
Purchase Price
$183k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$38,409
Downpayment
20%
$36,580
Closing costs
1%
$1,829
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,532
Total Expenses
$1,585
Mortgage P&I
65%
$992
Property Taxes
10%
$150
Home Insurance
3%
$44
HOA
0%
$0
Property Management
10%
$153
CapEx
5%
$77
Vacancy
6%
$92
Maintenance
5%
$77
Other
0%
$0